This course covers in detail all important aspects related to hospitality industry
The first module provides a brief overview of hospitality industry covering aspects, such as, financing and operating models, revenue aspects, operational processes etc
The second module deals with audit program for large hotel chain and conglomerates
What is a hotel audit module?
The first module provides a brief overview of hospitality industry covering aspects, such as, financing and operating models, revenue aspects, operational processes etc
The second module deals with audit program for large hotel chain and conglomerates
The third module will deal with audit program for standalone budget hotels
Why is auditing important for hospitality firms?
Auditing is of particular interest to hospitality firms as various accounting scandals involving auditors’ responsibility have burst into public view
For example, Arthur Andersen LLP was accused of helping Boston Chicken to “ […] create a facade of corporate solvency by hiding its franchisees’ losses […]” ( Richards and Thurm, 2002 )
Auditing hospitality industry
Industrial sector which manufactures weapons and military technology and equipment
The arms industry, also known as the defence industry, military industry, or the arms trade, is a global industry which manufactures and sells weapons and military technology. Public sector and private sector firms conduct research and development, engineering, production, and servicing of military material, equipment, and facilities. Customers are the armed forces of states, and civilians. An arsenal is a place where arms and ammunition – whether privately or publicly owned – are made, maintained and repaired, stored, or issued, in any combination. Products of the arms industry include weapons, munitions, weapons platforms, military communications and other electronics, and more. The arms industry also provides other logistical and operational support.
The automotive industry comprises a wide range of companies and
Organizations involved with motor vehicles
The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. It is one of the world's largest industries by revenue.
\nThe horticulture industry embraces the production, processing and shipping of and the market for fruits and vegetables. As such it is a sector of agribusiness and industrialized agriculture. Industrialized horticulture sometimes also includes the floriculture industry and production and trade of ornamental plants.
Sector of the economy dealing with recreation and tourism
The leisure industry is the segment of business focused on recreation, entertainment, sports, and tourism (REST)-related products and services.
Overview of and topical guide to industry
The following outline is provided as an overview of and topical guide to industry:
The pharmaceutical industry discovers
Industry involved with discovery, development, production and marketing of drugs
The pharmaceutical industry discovers, develops, produces, and markets pharmaceutical drugs for the use as medications to be administered to patients, with the aim to cure and prevent diseases, or alleviate symptoms. Pharmaceutical companies may deal in generic or brand medications and medical devices. They are subject to a variety of laws and regulations that govern the patenting, testing, safety, efficacy using drug testing and marketing of drugs. The global pharmaceuticals market produced treatments worth $1,228.45 billion in 2020 and showed a compound annual growth rate (CAGR) of 1.8%.
The water industry provides drinking water and wastewater services to residential
Drinking and wastewater services
The water industry provides drinking water and wastewater services to residential, commercial, and industrial sectors of the economy. Typically public utilities operate water supply networks. The water industry does not include manufacturers and suppliers of bottled water, which is part of the beverage production and belongs to the food sector.
The arms industry
Industrial sector which manufactures weapons and military technology and equipment
The arms industry, also known as the defence industry, military industry, or the arms trade, is a global industry which manufactures and sells weapons and military technology. Public sector and private sector firms conduct research and development, engineering, production, and servicing of military material, equipment, and facilities. Customers are the armed forces of states, and civilians. An arsenal is a place where arms and ammunition – whether privately or publicly owned – are made, maintained and repaired, stored, or issued, in any combination. Products of the arms industry include weapons, munitions, weapons platforms, military communications and other electronics, and more. The arms industry also provides other logistical and operational support.
The automotive industry comprises a wide range of companies
Organizations involved with motor vehicles
The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. It is one of the world's largest industries by revenue.
\nThe horticulture industry embraces the production, processing and shipping of and the market for fruits and vegetables. As such it is a sector of agribusiness and industrialized agriculture. Industrialized horticulture sometimes also includes the floriculture industry and production and trade of ornamental plants.
Sector of the economy dealing with recreation and tourism
The leisure industry is the segment of business focused on recreation, entertainment, sports, and tourism (REST)-related products and services.
Overview of and topical guide to industry
The following outline is provided as an overview of and topical guide to industry:
The pharmaceutical industry discovers
Industry involved with discovery, development, production and marketing of drugs
The pharmaceutical industry discovers, develops, produces, and markets pharmaceutical drugs for the use as medications to be administered to patients, with the aim to cure and prevent diseases, or alleviate symptoms. Pharmaceutical companies may deal in generic or brand medications and medical devices. They are subject to a variety of laws and regulations that govern the patenting, testing, safety, efficacy using drug testing and marketing of drugs. The global pharmaceuticals market produced treatments worth $1,228.45 billion in 2020 and showed a compound annual growth rate (CAGR) of 1.8%.
The water industry provides drinking water and wastewater services to residential
Drinking and wastewater services
The water industry provides drinking water and wastewater services to residential, commercial, and industrial sectors of the economy. Typically public utilities operate water supply networks. The water industry does not include manufacturers and suppliers of bottled water, which is part of the beverage production and belongs to the food sector.
